Thursday, 29 December 2016

An uptick in the production of steel and aluminum, especially in developing regions where industrialization is occurring at a frantic pace, will help drive up the demand for fluorspar in the near future. Owing to this factor, the global fluorspar market is forecast to expand at a 5.4% CAGR between 2015 and 2023, says Transparency Market Research in a recently published study. By 2023, the fluorspar market will rise to US$3.49 bn, up substantially from its 2014 value of US$2.19 bn. Fluorspar is more commonly known as fluorite. Being the mineral form of calcium fluoride, the chemical formula of fluorspar is CaF2.

However, the recent years have seen a fluctuation in the supply of fluorspar, which has brought about a certain degree of uncertainty in the global fluorspar market. Despite this, the Asia Pacific region will continue to demonstrate strong demand for fluorspar – a factor that will largely contribute to the sustained demand for fluorspar in the global market.

Increasing use of Fluorspar in Li-ion Batteries Presents Market Opportunity

Lithium-ion batteries, more commonly known as li-ion batteries, comprise specialty materials such as cobalt, lithium, and graphite. But they also contain fluorspar. The growing use of lithium-ion batteries in powering vehicles as well as in taking homes off the conventional power grid will indirectly stimulate greater demand for fluorspar, too. With companies such as Tesla making a foray into the home energy storage systems market with the launch of batteries in the range of 7kw and 10kw, and a simultaneous increase in the demand for batteries for electric vehicles (EVs), the demand for fluorspar will see an uptick.

The other factor that will help the fluorspar market expand is the demand for cement in the construction industry. The building and construction industry is witnessing an upswing in BRICS and this factor will lead to appreciable demand for fluorspar as well.

However, growth in the fluorspar market will be restrained to some degree because of the imposition of environmental restrictions on fluorocarbon chemicals because of their adverse impact on the ozone layer.

Over the recent past, the demand for acidspar has been a major growth impeller for the global fluorspar market. This can be attributed to the heavy reliance of the aluminum and hydrofluoric industries on the use of fluorspar as a raw material. However, the future growth of the fluorspar market will not be hinged merely on the consistently high consumption of acidspar.

The demand for metspar has reported a visible increase in last few years. Metallurgical grade fluorspar, which is marketed under the name metspar, has an impressive range of uses. It finds applications in the ceramics industry, steelmaking industry, as well as in steel and iron casting processes. Although metspar stood at second spot in the global fluorspar market in terms of demand, it will register a healthy rate of growth in the coming years.

When the fluorspar market is analyzed from a regional perspective, it becomes clear that Asia Pacific leads the market (the region accounted for 60% of the global market in 2014). The outlook of the fluorspar market in the Asia Pacific region is currently positive and it is projected to remain so over the next eight years.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Wednesday, 28 December 2016

The leading players in the global emulsion polymers market – BASF SE, The Dow Chemical Company, Celanese Corporation, Arkema S.A., and Trinseo S.A. – collectively held a share of 29.9% in 2014. Expanding their product portfolio and catering to a wide range of end uses for emulsion polymers will be the top priority of these key players in the near future, says the new research report published by Transparency Market Research. According to the research report, the opportunity in the global emulsion polymers market will be worth US$54.9 bn in 2023, rising from US$32.2 bn in 2014 at a CAGR of 6.1% from 2015 to 2023.

“To break through the high level of dominance of the aforementioned players, new entrants will have to develop new ways of manufacturing polymers. The commercialization of bio-based sources is likely to open up new channels to reach a sizeable consumer base,” recommends the lead author of this research report. Forming meaningful alliances with local manufacturers in developing countries is also expected to leverage the presence of larger companies in other regions.

Demand for Paints and Coatings in Developing Regions Renews Demand for Emulsion Polymers

The increasing demand for paints and coatings in the developing regions of Latin America and Asia Pacific have been the critical driving force for the global emulsion polymers market. The rising per capita income in these regions and the subsequent upgrade in the standard of living has led to a growth in the construction activity, which in turn, has resulted in the burgeoning demand for emulsion polymers. Growing awareness amongst builders and consumers about the quality of color, self-repairing ability of paint, and heat sensitivity have pushed manufacturers to undertake new process technologies and deliver innovation, thereby prompting them to increase the usage of emulsion polymers.

Emulsion polymers are also used for manufacturing removable as well as permanent adhesives, which are extensively used in packaging, household furnishings, and footwear. The growing demand for these items has resulted in a considerable demand for emulsion polymers in the adhesives industry. The increasing usage of adhesives in automobile manufacturing and in the aerospace industry has also resulted in an increased demand for emulsion polymers, which is the key ingredient of adhesives.

Emulsion Polymers Market Suffers as Raw Material Supply Dwindles

The surging prices of raw materials used in the production of emulsion polymers such as naphtha and ethane are hampering the overall market. The dependency of these raw materials on crude oil reserves is also restraining the market due to fluctuating prices of petrochemical products. Furthermore, demand for raw materials in various other end-user industries is expected have a negative impact on the supply of raw materials required for manufacturing emulsion polymers.

Acrylics Remain Prominent Segment due to their Unique Properties

The acrylics segment has been steering the growth of the global market and is expected to expand at a CAGR of 6.1% during the forecast period to present an opportunity worth US$19.8 bn by 2023. The unique abilities of acrylics such as excellent water resistance, strength, and good adhesion will continue to drive this segment at a pace faster than the others in the global market.

Over the past few years, Asia Pacific has had a stronghold over the global emulsion polymers market as the construction industry across developing countries such as China and India is gaining momentum. Thus, the burgeoning demand for paints and coatings, along with a surge in the demand for adhesives, will result in an increased demand for acrylics.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

The report is titled “Capric Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” The report provides information that helps a reader make clear, decisive decisions in the global capric acid market, based on the important information provided in the report regarding the challenges that new entrants face, the strategies used by leading companies in the capric acid market, and also the present and future trends in the market.

Transparency Market Research (TMR) has announced the release of a new market study based on the capric acid market. The report analyzes the drivers and restraints of the capric acid market, and the impact of these on the demand for capric acid during the forecast period from 2015 to 2023. The report studies the attractiveness of the capric acid market on the basis of factors such as growth rate and market size. According to the report, the global capric acid market is expected to expand at a CAGR of 5.0% during 2015 to 2023, reaching a value of US$1.8 bn by the end of 2023.

Capric acid, also known as decanoic acid, is a saturated fatty acid. Capric acid has a wide range of applications across various industries such as the food and beverages industry and the perfumes and scents industry. Capric acid has antimicrobial properties, which make it useful in the aforementioned industries, driving the global market for capric acid. It is used in various processing plants such as wineries, breweries, and meat processing, along with finding its application in the pharmaceuticals and textile industries. Capric acid is used for manufacturing artificial flavors and synthetic rubbers as well as being used as a plasticizer for the manufacture of plastics. Owing to the wide range of applications of capric acid, the demand for capric acid is increasing, propelling the global market for capric acid.

While manufacturing body creams and lotions, capric acid is used as an emulsifier and emollient for thickening the formulations of various cosmetic products. Capric acid is used in the manufacture of personal care products because it has lubricating properties and spreads easily. An increase in the usage of personal care products worldwide, coupled with the high usage of capric acid in the food and beverage as well as the chemicals and pharmaceutical industries, is one of the major reasons for the high demand from the capric acid market.

While the report says that availability of new sources of raw materials can provide a lucrative opportunity for the capric acid market, fluctuation in the prices of the raw materials could be a challenge to the capric acid market’s growth.

The capric acid market has been segmented on the basis of end use and region in the report. The regions included for the purpose of study are Europe, Asia Pacific, North America, Latin America, and the MENA region.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

The proper growth of plants depends on 17 essential nutrients, both micro as well as macro. While most macro nutrients are naturally available to plants from the soil and the air, many micronutrients need to be administered in order to maintain the quality of the crop and provide resistance against diseases.The global micronutrients market can be broken down into several categories based on parameters such as product, application, crop type, form type, and region. Here’s a look at the scope and dynamics of each of these categories.

On the basis of product, micronutrients can be segmented into zinc, boron, manganese, molybdenum, copper, iron, and others including nickel and chlorine. Zinc held the largest share of the overall micronutrients market, accounting for more than one third of the total demand in 2013. However, molybdenum – used in small quantities in plants and crops - is projected to be the most rapidly developing product segment of the micronutrients market over the next five years. On the basis of application, the market for micronutrients can be segmented into foliar, fertigation, seed treatment, soil, and others such as hydroponics. Soil dominated the overall micronutrients market in 2013. Use of micronutrients in foliar feeding held the second spot in 2013, accounting for a 23.4% share of the overall market. However, given the potential that other application segments such as hydroponics and seed treatment possess, market analysts predict higher growth for them in the coming few years.

On the basis of crop type, the micronutrients market is segmented into pulses and oilseeds, cereals, fruits and vegetables, and others including floriculture. Cereals such as rice, wheat, barley, maize, and oats held the largest share of the micronutrients market based on type of crop mainly because these cereals form an important part of the daily diet across many regions of the globe. Pulses and oilseeds held the second largest share of the micronutrients market, accounting for 29.6% of total demand in 2013. Fruits and vegetables, on the other hand, are expected to be the most rapidly developing crop types by 2020.On the basis of form type, the market for micronutrients is bifurcated into chelated and non-chelated. The demand for chelated micronutrients is anticipated to surpass that of non-chelated ones owing to the rising demand for direct and efficient micronutrients.

On the basis of geography, the global micronutrients market is divided into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific emerged as the leader of the worldwide market in 2013, with a share of more than 50% in total demand that year. The growth of the market in this region can be attributed to the rising soil deficiency in regions such as Coastal Australia, the Indian Subcontinent, parts of Southeast Asia, and Eastern China. North America is projected to be the fastest growing regional segment of the global micronutrients market owing to high demand for uniform and superior quality yield and depleting arable land. The Europe and Rest of the World markets for micronutrients are likely to witness stable demand.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

A new report has been published by Transparency Market Research on the global smart and interactive textiles market. As per the report, the global smart and interactive textiles market is expected to expand at a 14.0% CAGR from the period between 2014 and 2020. The report, titled ‘Smart and Interactive Textiles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020’, states that the global smart and interactive textiles market is expected to progress from US$1.5 bn in 2013 to US$3.8 bn by 2020.

Smart and interactive textiles are fabric products possessing the ability to sense and react to a specific environment or stimuli such as heat or light. Smart and interactive textiles, also known as smart fabrics or smart textiles, provide additional applicability and functionality as compared to traditional ones. Smart textiles can also be used in protection, monitoring, medical, and entertainment applications and can be used in the technical textiles industry and fashion and clothing segments.

The global smart and interactive textiles market is segmented on the basis of application and region. Based on application, the global smart and interactive textiles market is classified into industrial, medical and healthcare, military and defense, transportation, retail and consumer, and others. In 2013, the global smart and interactive textiles market was led by the transportation segment. The transportation segment accounted for over 38% of the total market. New applications including heating of seats, measuring heart rate, steering wheel functioning, and smart seat belts hold huge potential in the auto industry. The industrial application segment is expected to expand at a 17.30% CAGR during the period from 2014 to 2020 due to an increase in industrial activities.

By geography, the global smart and interactive textiles market is divided into North America, Europe, Asia Pacific, and Rest of the World. In 2014, demand for smart and interactive textiles was at peak level in Europe due to the existence of large-scale industries such as military, healthcare, and transportation. North America was the second largest regional segment in 2014, thanks to demand for various applications of smart textiles such as sports and fitness fabrics and regular clothes. Asia Pacific is expected to register the fastest growth by 2020 – it is expected to expand at a 20.2% CAGR. Increasing volume of industrial activities and rising usage of smart textiles in various applications such as supply chain process and conveying/lifting is expected to drive the Asia Pacific market for smart and interactive textiles in the years to come.

The growth of the global smart and interactive textiles market is expected to be restricted in the years to come due to the high prices of smart textile products. However, factors such as increasing research and development activities for new smart textile products and advancements in technology are predicted to propel the global market for smart and interactive textiles in the years to come.

Key Segments of Global Smart and Interactive Textiles Market

Smart and Interactive Textiles Market - Application Analysis

Industrial

Military and defense

Medical and healthcare

Retail and consumer

Transportation

Others (Space, household applications, etc.)

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Transparency Market Research (TMR) has released a market study detailing the global lightweight materials market from 2014 to 2020. The report is titled “Lightweight Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” and states that the market for lightweight materials will reach a valuation of US$186.3 bn by 2020, increasing from US$126.3 bn in 2013 at a modest CAGR of 5.80% from 2014 to 2020. By volume, the said market amounted to 54,340.3 mn kg in 2013.

The report states that the market for lightweight materials receives major demand from the transportation sector. The use of lightweight materials such as aluminum, titanium, and composites in aircraft helps in revenue generation, due to the increased payload capacity and enhanced energy efficiency of the aircraft.Increasing environmental concerns across the globe associated with carbon emissions from vehicles are driving the demand for lightweight materials in the automobile and aviation sectors. However, the high cost of lightweight materials over conventional materials such as steel will be a deterrent to the growth of the global lightweight materials market during the forecast period.

The global market for lightweight materials is divided on the basis of product, application, and region. Aluminum, high strength steel, polymer and composites, titanium, magnesium, and others are the key product segments of the market. Out of these, aluminum is one of the major lightweight materials and held 30.4% of the global market for lightweight materials in 2013. This product segment is expected to witness substantial growth during the forecast period.

The composites product segment, which comprises glass fiber reinforced plastics, metal matrix composites, ceramic composites, carbon fiber reinforced plastics, and other hybrid materials, will exhibit an increase in its market share over the forecast period, due to their functional benefits in comparison with other lightweight materials. However, the high cost of composites will hamper the share of the segment to some extent. Titanium, another important lightweight material, will witness significant demand during the forecast period, predominantly from the aviation industry.

On the basis of application, transportation is registered as the largest application segment and accounted for more than 85% of the overall market in 2013. Aircraft, railways, and automobiles are the primary transportation modes that utilize lightweight materials in the manufacture of vehicles. This helps in enhancing payloads, reducing carbon emissions, and improving the fuel efficiency of the vehicles.Defense and energy are also important application segments of the lightweight materials market. Lightweight materials are extensively used in the defense sector for the manufacture of body armor, vehicles, and other applications. Another application of lightweight materials is in wind energy systems, especially in rotor blades. Wind energy systems are expected to be the fastest growing application segment of the lightweight materials market, expected to expand at a CAGR of 5.80% from 2014 to 2020 in terms of volume.Among the regional segments, Asia Pacific dominated the lightweight materials market, accounting for more than 40% of the overall market in 2013.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Tuesday, 27 December 2016

Plain paper coated with a thin covering of a variety of materials such as SB latex, titanium dioxide, wax, polythene, or kaolin clay is known as coated paper. Coated paper is known for its ability to offer protection against dirt and corrosion. Coated paper is available in gloss and matte finish and has applications in advertising publications, catalogues, magazines, insertions for newspapers, security merchandise, and paper products. Coated paper is suitable for printing purposes owing to the detailed and sharp images it offers.

According to product type, coated paper is classified into groundwood paper, fine paper, and others. On a global level, the coated paper market is also segmented on the basis of its application. According to the geographical spread of the market, the global coated paper market is divided into North America, Asia Pacific, Europe, and Rest of the World.

The growth of e-commerce has contributed significantly to the market for coated paper, which is used for industrial packaging. Coated paper, which is graded based on its glossiness and brightness, has extensive application in other types of packaging as well. The coated paper market is also driven by the growing demand for adjustable packaging material, and high-grade printed images. The food industry is one of the largest end users of flexible packaging material. The food industry uses adjustable packaging material sticking to food grade standards to wrap and store fresh and frozen foods for various needs.

Packaging Holds Major Share of Coated Paper Market

The packaging application of the coated paper market held a 45% share of the market in 2013 in terms of volume. Another important application segment of the coated paper market is for printing purposes. Coated paper is suitable for print media for advertising and branding campaigns which companies and businesses undertake as part of marketing programs. Thus, the coated paper market is anticipated to enjoy steady but slow demand from printing operations.

Coated Fine Paper Leads Coated Paper Market in 2013

The product segment of coated fine paper held 55% of the coated paper market in 2013 by volume. This segment is expected to grow the slowest in the coming years. In the period from 2014 to 2020, the coated groundwood paper category is expected to receive moderate demand. Of all, the others category of the coated paper product segmentation is expected to grow the fastest from 2014 to 2020 due to its extensive application in the food and beverage industry.

The coated paper market is slowed due to the availability of substitutes such as uncoated paper and plastics. The substitutes also have a price advantage over the more sophisticated coated paper, which adds to the significance of these materials. Though there is a growing preference for bio-plastic films for packaging purposes, the advancements in coating methodologies and recycling techniques are anticipated to boost the coated paper market in coming years.

According to geographical segmentation, Asia Pacific led the coated paper market in 2013 in terms of volume. The region held more than 33% of the global coated paper market in 2013. The demand from the coated paper market in Asia Pacific can be attributed to the development of the region as a prime manufacturing hub. The coated paper market in Europe and North America is slated for slow growth in the coming years. In the Rest of the World (RoW) regional segment, the coated paper market is expected to have moderate growth in the next couple of years.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Dimethyl Ether (DME) Market Poised to Enjoy Support of Government and Industry Alike

Dimethyl ether, also referred to as DME, is a gas that offers clean combustion and can be easily liquefied for transportation or storage. DME is a downstream derivative of wood alcohol/methanol, and it can be recovered from natural gas, bio-based feedstock, as well as fossilized fuel resources. Currently, the innovative and cost-competitive advantages offered by DME have caught the attention of several policymakers and governments worldwide. This is one of the key aspects propelling the growth of the global dimethyl ether (DME) market.

Supported by all of these favorable market scenarios, the global and China DME market was pegged at US$ 4.46 billion in 2013, and will expand at a very high single-digit CAGR of 9.4% to reach US$ 8.37 billion by 2020.

DME as an alternative to conventional fuels holds immense potential in a number of applications. One of the most important uses of DME is its use as a blending chemical in liquefied petroleum gas (LPG). The composition of DME and LPG shares several similarities, which makes it possible to easily blend the two in equal proportions without the resultant fuel having drastically different properties. This unique attribute also makes DME-blended LPG suited for use in a wide variety of equipment and machinery. This application is especially crucial in the China market because the country is the highest consumer of LPG in the world.

The other applications which will show an upward growth graph, albeit not as steep as LPG blending are: Transportation fuel, aerosol propellants, industrial applications, and others. The use of DME as an aerosol propellant will also remain significant over the next few years. This scenario is poised to change slightly in the near future with the use of DME as transportation fuel gaining traction. This change will be aggressively driven by the strong emphasis on clean fuel and low emissions.

DME as Diesel Alternative Could Lack Much Needed Launch Pad

The use of DME as an alternative to diesel could fail to take off because the former’s viscosity and lubricity is lower than that of diesel. This means that unless there is a technological breakthrough, seamlessly replacing diesel with DME will not be a commercial reality in the near future. At the same time, governments are yet to entirely embrace DME-blended LPG, especially in major markets such as China. This aspect could further restrain growth.

In 2013, Asia Pacific was seen to be the largest market in the global DME market. APAC’s leading position can be attributed to the sizeable demand for DME from China – one of the largest LPG consumers in the world. China was the single largest consumer of DME not just in Asia Pacific, but in the world. The Europe DME market scored a close second to Asia Pacific, and North America was the third-largest market for DME globally. While China’s dominance in the global DME market will continue over the next few years, the Rest of the World Region is expected to register an impressive growth rate to 2020.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Monday, 26 December 2016

Transparency Market Research has published a new report that presents an executive-level blueprint of the global caustic soda market. The report is titled “Caustic Soda Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and is available for sale on the company website. According to the findings of the report, the global caustic soda market, which stood at US$30.82 bn in 2013, is expected to reach US$39.75 bn by 2020. If the figures hold true, the global caustic soda market will progress at a CAGR of 3.7% between 2014 and 2020.

Caustic soda, also known as sodium hydroxide or lye, is an inorganic compound. It is available commercially in the form of pellets, flakes, or granules. Caustic soda has diverse industrial applications due to its strong alkaline nature. It is integral to the manufacture of petroleum products, pulp and paper, alumina, textiles, and soaps and detergents, along with its application in food processing, water treatment, petroleum processing, pharmaceuticals, glass making, and soaps. For commercial purposes, caustic soda is used either in a 50% aqueous solution or as a solid. Industrially, caustic soda is produced by electrolytic chloralkali process.

The report states that the global caustic soda market has been exhibiting steady growth in the last couple of years. It attributes factors such as rapid development of end-use industries such as alumina, pulp and paper, chemicals, and soaps and detergents for the steady growth of the global caustic soda market. Chlor-alkali is an electro-intensive industry, as it uses electricity as a raw material and not as utility. Thus, the energy intensive production process of caustic soda is anticipated to hamper the market in the near future. However, upcoming opportunities in the relatively untapped markets in Africa may open up new growth avenues for the caustic soda market in the near future.

In terms of volume, organics was the largest application segment of the caustic soda market, accounting for a share of approximately 20% in 2013. Caustic soda is extensively used as a base in the manufacture of various organic chemicals such as methanol, hydroxyl ethyl cellulose, carboxymethyl hydroxyethyl cellulose, cellulose ether, methyl cellulose, and acetic acid. Alumina is projected to be the fastest growing application segment of the caustic soda market during the forecast period owing to increasing demand for aluminum in automotive, packaging, and aerospace applications.

Additionally, pulp and paper accounted for a significant volume share in 2013 due to high demand for caustic soda in bleaching processes. The market for pulp and paper has witnessed a surge in the past few years. Other applications, including textiles, petroleum processing, and food processing, have also been growing at a fast pace over the past few decades. This trend is likely to continue during the forecast period. This, in turn, is expected to drive demand for caustic soda in the near future.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

The global manganese carbonate market currently demonstrates the presence of numerous small and medium-scale companies. As per a new Transparency Market Research (TMR) report, intense competition exists among these enterprises engaged in the manufacturing different grades of manganese carbonate. In order to gain a stronger hold in the market, companies such as American Elements, Alfa Aesar, Zncus Chemical Co., Ltd., and GFS Chemicals, Inc. are investing in the research and development of novel grades of manganese carbonate. These companies are working closely with consumers to develop products that cater to their dynamic preferences.

Besides these, the leading companies in the market are also looking to expand their production capacities by capitalizing on untapped opportunities in emerging markets. Due to the prevalence of these factors, the degree of competition in the market is expected to remain high through the forecast period from 2015 to 2023.

Rising Use of Manganese Carbonate as Micronutrient in Agriculture to Fuel its Demand

The rising use of manganese carbonate as an essential agriculture micronutrient will considerably fuel their sales. This chemical is often added to plant fertilizers as a treatment for crops with manganese-deficiency. Agricultural sector still holds dominance across several emerging economies in Asia Pacific and Latin America. Hence, these regions are projected to provide lucrative opportunities for manganese carbonate manufacturers, as they exhibit high demand for micronutrient fertilizers.

“Since, manganese carbonate is used as a colorant in ceramics and porcelain products, their increasing use in the homeware industry will fuel demand from the manganese carbonate market,” observed the author of the TMR study. The homeware market witnesses lucrative opportunities in Asia Pacific and the Middle East and Africa. Demand for porcelain and ceramics is thus high across these regions, which translates into increased opportunities for manganese carbonate sales.

Region-specific Concentration of Reserves to Limit Scope for Expansion

One of the key factors favoring growth of the manganese carbonate market in emerging regions such as Latin America, Africa, and Asia Pacific is that a majority of manganese reserves are concentrated in these regions. However, “Region-specific concentration of manganese reserves have resulted in lesser global opportunities for manufacturers,” states the TMR analyst. This limits the market’s expansion in developed economies. Furthermore, the majority of manufacturers have signed agreements with mining companies located in close vicinity. This in turn hinders the entry of new players in the market in the absence of favorable agreements.

Nevertheless, the potential applications of manganese carbonate in concrete staining will boost its sales in the near future. Concrete staining is slowly emerging as popular technique to create decorate, durable, and easy to maintain home surfaces. The rising use of manganese carbonate to stain concrete surfaces will bolster its sales opportunities in the forthcoming years.

Based on volume, the agrochemicals segment reported the highest demand for manganese carbonate in 2014. The segment held over 68% of the manganese carbonate market in the year. Regionally, Asia Pacific dominated the global manganese carbonate market, holding a share of 75.5% in terms of volume in 2014.

By revenue, the global manganese carbonate market stood at US$322.2 mn in 2014. Exhibiting a CAGR of 4.2% between 2015 and 2023, the market is expected to reach US$464.1 mn by the end of 2023.

Rising use of manganese carbonate as a micronutrient in agriculture to keep revenue growth steady.

Accounting for 68% of the market in 2014, agrochemicals segment exhibited highest demand for manganese carbonate.

Asia Pacific accounted for 75.5% of global demand for manganese carbonate in 2014.

The report segments the global manganese carbonate market as:

Manganese Carbonate Market – Application Analysis

Agrochemicals

Glaze Colorant

Chemical Intermediates

Others (Including Food Supplements and Medical)

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.